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Cemex closes Austria and Hungary transaction

Cemex has closed the sale of its operations in Austria and Hungary to the Rohrdorfer Group for approximately €160.1 million. The transaction was originally announced on 12 August, 2015. The Austrian operations consist of 24 aggregate quarries (approximately 6.47 million tonnes of aggregates sold in 2014) and 34 ready-mix plants (approximately 1.60 million m³ of ready-mix sold in 2014). Cemex’s operations in Austria had net sales of approximately US$241 million (€219 million) in 2014. The Hunga
November 2, 2015 Read time: 1 min

643 Cemex has closed the sale of its operations in Austria and Hungary to the Rohrdorfer Group for approximately €160.1 million.

The transaction was originally announced on 12 August, 2015.

The Austrian operations consist of 24 aggregate quarries (approximately 6.47 million tonnes of aggregates sold in 2014) and 34 ready-mix plants (approximately 1.60 million m³ of ready-mix sold in 2014).

Cemex’s operations in Austria had net sales of approximately US$241 million (€219 million) in 2014.

The Hungarian operations consist of five aggregate quarries (approximately 1.36 million tonnes of aggregates sold in 2014) and 34 ready-mix plants (approximately 0.46 million m³ of ready-mix sold in 2014).

Cemex’s operations in Hungary had net sales of approximately US$47 million (€43 million) in 2014.

The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes.

4329 Bank of America Merrill Lynch, 4311 Citigroup, 4515 BNP Paribas and 4323 Morgan Stanley & Co International acted as financial advisors to Cemex in this transaction.

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